AICTE Chief predicts a grave future for Engineering, MBA students

Bleak future of Jobs in IT, BPO sectors

All India Council for Technical Education (AICTE), India’s premier technical education body sees a grave future in jobs for engineering and MBA Students.

“Days for big recruitment sectors such as IT and BPO industry are over and there would be no mass hiring industries in India in the near future,” All India Council for Technical Education (AICTE) Chairman Anil Sahasrabudhe told a TV channel in an interview.IT and BPO have seen a steep decline in job offers. The IT Sector registered a 32 per cent decline in job offers followed by BPO sector at 30 per cent.

Although demand or Pharma seats is better, but the future seems to be bleak.

In 2016-17, more than half of MBA graduates could not get hired in campus placements, as per AICTE data. And last year 95 per cent of engineers in the country were not fit for jobs.

Last year, a study by employability assessment company, Aspiring Minds, claimed that Industry veterans have also warned about unskilled Indian youth.

Recently, CP Gurnani, CEO & MD of Tech Mahindra said that 94 per cent of engineering graduated were not fit for hiring, while chairman of Manipal Global Education, TV Mohandas Pai claimed that the country has 10 crore people in the 21-35 age-group with bad skills, who are unsuited for the economy.